Can I retire at age 66 with 679,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$56,071$55,572$55,084$54,609$54,144$53,490
2 years$27,758$27,241$26,740$26,254$25,783$25,124
3 years$18,322$17,802$17,303$16,821$16,358$15,716
4 years$13,604$13,087$12,592$12,119$11,667$11,045
5 years$10,775$10,260$9,772$9,308$8,869$8,271
6 years$8,889$8,378$7,897$7,444$7,018$6,443
7 years$7,542$7,036$6,562$6,120$5,707$5,157
8 years$6,533$6,031$5,566$5,134$4,735$4,208
9 years$5,748$5,251$4,794$4,373$3,987$3,485
10 years$5,121$4,629$4,179$3,770$3,397$2,918
11 years$4,608$4,121$3,679$3,281$2,922$2,466
12 years$4,181$3,698$3,265$2,878$2,532$2,098
13 years$3,819$3,342$2,917$2,541$2,208$1,796
14 years$3,510$3,038$2,621$2,255$1,935$1,545
15 years$3,242$2,775$2,367$2,011$1,704$1,334
16 years$3,008$2,546$2,146$1,801$1,506$1,156
17 years$2,802$2,345$1,952$1,618$1,335$1,005
18 years$2,619$2,167$1,782$1,458$1,187$875
19 years$2,455$2,008$1,632$1,318$1,058$764
20 years$2,308$1,866$1,497$1,193$945$669
21 years$2,175$1,738$1,377$1,083$846$586
22 years$2,054$1,623$1,269$985$758$514
23 years$1,944$1,518$1,172$897$681$451
24 years$1,843$1,422$1,084$818$612$397
25 years$1,751$1,334$1,004$747$551$349
26 years$1,665$1,254$931$683$496$307
27 years$1,586$1,180$865$625$447$271
28 years$1,513$1,112$804$573$403$239
29 years$1,445$1,049$748$525$364$211
30 years$1,382$991$697$482$329$186
31 years$1,323$937$650$443$298$164
32 years$1,268$886$606$407$269$145
33 years$1,216$839$566$374$244$128
34 years$1,167$795$529$344$221$113
35 years$1,122$755$494$317$200$100
36 years$1,078$716$462$292$181$89
37 years$1,038$680$433$269$164$78
38 years$999$646$405$248$149$69
39 years$963$615$380$229$135$61
40 years$928$585$356$211$122$54
41 years$896$557$334$194$111$48
42 years$864$530$313$179$101$42
43 years$835$505$294$166$91$38
44 years$807$482$276$153$83$33
45 years$780$459$259$141$75$29
46 years$754$438$243$131$68$26
47 years$730$418$228$121$62$23
48 years$707$399$215$111$56$20
49 years$684$381$202$103$51$18
50 years$663$364$190$95$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $679,000, adding $3,388 every year, while hoping to spend $54,861 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/42/24 Blend
65$679,000$679,000$679,000$679,000
66$751,753$715,766$705,241$771,726
67$770,060$692,467$670,495$763,617
68$788,396$666,187$632,746$749,662
69$806,705$636,723$591,836$733,514
70$824,925$603,859$547,599$715,013
71$842,986$567,367$499,863$693,990
72$860,808$527,005$448,445$670,262
73$878,300$482,518$393,158$643,639
74$895,362$433,637$333,804$613,914
75$911,880$380,076$270,177$580,867
76$927,726$321,533$202,062$544,265
77$942,757$257,692$129,234$503,860
78$956,814$188,215$51,460$459,384
79$969,719$112,747$0$410,555
80$981,273$30,914$0$365,145
81$991,253$0$0$329,343
82$999,413$0$0$316,338
83$1,005,477$0$0$316,779
84$1,009,139$0$0$316,263
85$1,010,060$0$0$314,660
86$1,007,861$0$0$311,826
87$1,002,124$0$0$307,604
88$992,382$0$0$301,816
89$978,121$0$0$294,267
90$958,766$0$0$284,741
91$933,685$0$0$272,997
92$902,175$0$0$258,771
93$863,459$0$0$241,768
94$816,676$0$0$221,664
95$760,872$0$0$198,099
96$694,995$0$0$170,676
97$617,879$0$0$138,956
98$528,234$0$0$102,452
99$424,637$0$0$60,629
100$305,512$0$0$12,894